If my analysis is correct, there is an irregular (at 33700) in wave w of X. If so, the fall should reach the level.
Its bull market (in short-term) and no one can stop it in next 6-8 months or until it reaches 17-18k level
The current upmove will end tomorrow between 15258 and 15300 and then fall
The current upmove is about to complete (it has to end above 36615). Then fall as simple abc form
Next upmove may be slow comparing to budget rally
Going to be strong bull run for next few weeks
Still upside fuel is left, so it can move to 16k soon.
It does not matter that what technical tool we are using. If we use in right way without adjusting/ignoring any signal inputs, we can 'beat the market'. If we use Elliott Wave correctly, Market can be predicted in well advance. 1. Follow Elliott wave rules, never disobey 2. Not do any adjustment in wave counting 3. Use right TimeFrame. Wave formation will be...
I couldn't find better count than this. Current up-trend is just bull-trap.
The current fall may end around 30600 (max 30300) as double/triple-three combination. Then head to ATH as double/triple-three combination.
Once it completes the upmove as described in my previous analysis, there may be fall to the level 31500. Disclaimer: This idea is not for trading.
If this part of analysis is correct, Nifty from ALL TIME LOW was not developed as Impulse n Correction combination, but instead double/triple-three combination. Consider the upmove from 2008 low, could not count as impulse after unexpectable sharp fall. We can adjust the count and move forward but could not predict what will happen next and same for since March'20...
Heading towards 32700. Invalid if breaks below 31650. See the Nifty ideas in below link. Disclaimer: Sharing to show the right way of elliott wave counting. Not for any trading ideas
Here I share that not only impulse can have multiple inner wave, corrective too does (there is possibility that multiple double/triple-three combination correction). One who knows elliott wave can understand this.
Banknifty reversed at support zone and heading to new high.
Nifty is heading to New High as it is trading at strong support.
Explained in the chart There is multiple sell n buy zones... Check the chart
Explained in the chart There is multiple sell n buy zones... Check the chart